- Report: #410456
Complaint Review: Mega Health & Life Insurance/NASE - North Richland Utah
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Mega Health & Life Insurance/NASE
megainsurance.com/ North Richland, Utah, U.S.A.
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Mega Health & Life Insurance/NASE Watch out for sudden rises in premiums North Richland Texas
I would strongly discourage any small business owner from purchasing this health insurance. Or, if you can't resist the pitch, ask your agent for specific details about each component of your offering and verify acceptance of the specific offering names
--My "vision" plan (EyeMed Vision Care) was not accepted by my long-time eye doctor. No discount received.
--My "prescription" plan produced no reduction in the cost of my monthly prescription.
--My "annual physical" and gyn exam was not covered, probably in part due to a sweeping rider on my policy.
Regarding NASE, I would also strongly discourage membership in this organization. I am highly suspect of its commitment to act in the best interest of its members. It entered an agreement with Mega in 1996. As members, we have no idea if the organization reviews this agreement on a regular basis to determine its value or review its practices. I suspect that if anyone were to closely examine the relationships between these two organization's board of directors,
On its 2007 Form 990, NASE reported app $5 million in membership revenues. That's $5 million in capital from small business owners across the company. I'm sure that many of these business owners--like myself--consider the dues a necessary requirement to access their health insurance programs. (As a related note NASE reported $610,875 in compensation for NASE president Robert Hughes on their 2007 Form 990.) (Source: Guidestar.org)
I just received a notice from MEGA that they will raise my monthly premium by 19.8% beginning in less than 30 days. They "dated" the letter on December 31, 2008 - most likely to achieve regulatory compliance. The postmark shows that it was processed on 1/2/2009. The rate change goes into on 2/1/2009. A rather significant rate hike with barely a month's notice. Simply shameful.
I'm dropping both my NASE membership and my "insurance" as soon as their doors open on Monday. I would rather run the risk of living without insurance than to allow myself to be exploited by these two organizations.
Georgia small business owner
Atlanta, Georgia
U.S.A.
--My "vision" plan (EyeMed Vision Care) was not accepted by my long-time eye doctor. No discount received.
--My "prescription" plan produced no reduction in the cost of my monthly prescription.
--My "annual physical" and gyn exam was not covered, probably in part due to a sweeping rider on my policy.
Regarding NASE, I would also strongly discourage membership in this organization. I am highly suspect of its commitment to act in the best interest of its members. It entered an agreement with Mega in 1996. As members, we have no idea if the organization reviews this agreement on a regular basis to determine its value or review its practices. I suspect that if anyone were to closely examine the relationships between these two organization's board of directors,
On its 2007 Form 990, NASE reported app $5 million in membership revenues. That's $5 million in capital from small business owners across the company. I'm sure that many of these business owners--like myself--consider the dues a necessary requirement to access their health insurance programs. (As a related note NASE reported $610,875 in compensation for NASE president Robert Hughes on their 2007 Form 990.) (Source: Guidestar.org)
I just received a notice from MEGA that they will raise my monthly premium by 19.8% beginning in less than 30 days. They "dated" the letter on December 31, 2008 - most likely to achieve regulatory compliance. The postmark shows that it was processed on 1/2/2009. The rate change goes into on 2/1/2009. A rather significant rate hike with barely a month's notice. Simply shameful.
I'm dropping both my NASE membership and my "insurance" as soon as their doors open on Monday. I would rather run the risk of living without insurance than to allow myself to be exploited by these two organizations.
Georgia small business owner
Atlanta, Georgia
U.S.A.
2 Updates & Rebuttals
M.
Northville,Michigan,
U.S.A.
Very WISE Decision...
#2UPDATE EX-employee responds
Tue, June 30, 2009
You made a good choice. I worked for this SCAM back in the 90's. It took 8 years for me to realize the pitfalls, but I got the facts, left, and never looked back.
Uga All The Way!!!!!!!!!!!!!!
Suring,Wisconsin,
U.S.A.
Yes your premiums will rise and so will anyone elses with any insurance company
#3UPDATE Employee
Wed, January 14, 2009
If you had No prescription rider then you pay full price. Learn to read you policy. Instead of coming here and voicing your ignorance. There is NO such thing as a sweeping rider on a policy. You either have preventative care or not! As far as rate increases go, I've seen increases from other companies of 30-60% this year, due to wallstreets failures. Has nothing to do with compliance. So you purchased insurance and didn't know what was covered? Call you agent! He would have helped you.
